Results: Loss widened to $24.5 million (21 cents per diluted share) from $20.6 million (loss of 18 cents per share) in the same quarter a year earlier.

Revenue: Rose 27.4% to $64.8 million from the year earlier quarter.

Actual vs. Wall St. Expectations:TIVO beat the mean analyst estimate of a loss of 23 cents per share. It beat the average revenue estimate of $50.6 million.

Quoting Management: Tom Rogers, President and CEO of TiVo, said, “This was a great quarter and represented a significant step in our growth strategy. Our efforts to get TiVo in more homes globally continues to accelerate as we drove approximately 117,000 net subscription additions and returned to total positive net subscription growth for the first time in four years. We also exceeded our quarterly guidance on service and technology revenues, Adjusted EBITDA and net income. In the U.K., Virgin Media has now deployed its TiVo offering to more than 220,000 subscribers as of the end of October, and RCN recently expanded its TiVo product offering through the deployment of a whole-home solution. Both ONO and Grande deployments are now live, and we expect Charter Communications to begin initial deployments shortly. Additionally, DirecTV intends to launch its TiVo offering in select markets in December with a nationwide rollout to follow early next year. All of this is a testament to our leadership in advanced television and our ability to drive meaningful solutions to market.”

Key Stats:

The company has now topped analyst estimates for the last three quarters. It beat the mark by 3 cents in the second quarter and by 2 cents in the first quarter.

The company’s revenue has now risen for two straight quarters. In the second quarter, revenue increased 18.7% to $61.2 million from the year earlier quarter.

Gross margins grew 2.1 percentage points to 47.8%. The growth seemed to be driven by increased revenue, as the figure rose 27.4% from the year earlier quarter while costs rose 22.4%.

Looking Forward: Analysts seem more negative about the company’s results for the next quarter than ninety days ago. The average estimate for the fourth quarter has moved from a loss of 17 cents a share to a loss of 20 cents over the last ninety days. Over the past sixty days, the average estimate for the fiscal year has reached 51 cents abs per share, a decline from 52 cents.